Head to head · 2026
Welcome Savings vs Wise Interest
How these two savings accounts stack up for expats in the Netherlands — compared on the numbers that actually matter, with a verdict based on the data.
Our verdict
Welcome Savings is the stronger pick for most expats.
- Interest rate: 3.00% for 3 mo, then 1.90% vs 1.72%
- Deposit guarantee: Up to €100,000 vs Not guaranteed
Openbank
Our pickWelcome Savings
Best promotional rate in the Netherlands: 3.00% for 3 months on up to €1 million. After promo, standard rate of 1.90% which is still competitive.
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Wise
Wise Interest
Earn interest on EUR balance through BlackRock money market fund. Variable rate (~1.57% avg net of 0.26% fee). Best if you already use Wise for international transfers. Not a guaranteed deposit rate.
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Side by side
Highlighted cells show the stronger option for each feature. Rates and fees are verified from provider sources; figures shown as of 2026.
Welcome Savings
What we like
- 3.00% welcome rate for 3 months
- No minimum deposit
- Up to €1 million covered
- EU deposit guarantee (Spain)
What to consider
- Rate drops to 1.90% after promo
- Spanish bank (Santander subsidiary)
- Customer service can be slow
- App not as polished as Dutch banks
Wise Interest
What we like
- Interest paid monthly
- No lock-up period
- Excellent for multi-currency
- Instant access to funds
What to consider
- Not a bank deposit (money market fund)
- Not covered by €100k deposit guarantee
- Rate is variable and net of 0.26% fund fee
- Estonian investor protection only (€20k)
Frequently asked
Is Welcome Savings or Wise Interest better for expats in the Netherlands?
Welcome Savings comes out ahead for most expats. Interest rate: 3.00% for 3 mo, then 1.90% vs 1.72%
Which has the higher interest rate, Welcome Savings or Wise Interest?
Welcome Savings pays more — 3.00% for 3 mo, then 1.90% versus 1.72%.
Are Welcome Savings and Wise Interest covered by the Dutch deposit guarantee?
Welcome Savings is covered (deposits protected up to €100,000). Wise Interest is not covered.